BKUBankUnited, Inc.
Savings Institution, Federally Chartered
- Revenue
- $22M
- 7.4% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.1B
- Employees
- 1,785
- $12K revenue each
- Net debt / EBITDA
- —
- −$49M net debt
- AI in 10-K
- 0.9
- mentions per 10K words
Takeover score 5 of 13
Fixable underperformance 2 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$6M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo134% of net incomeCash flow under 80% of net income
- Dilutive SBCYes94% of revenueOver 10% of revenue
- Payouts exceed cash flowNo38% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo90% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$12K · 10th pctBottom quartile of its SIC industry
- Quiet on AINo0.9 per 10K words · 33rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.1B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DYes1 filingActive-intent 13D in 18 months
- Net insider sellingNo−$976K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $22M | $23M | $21M | $20M | $22M | 7.4% |
| Net income | $415M | $285M | $179M | $232M | $268M | 15% |
| Operating cash flow | $1.2B | $1.3B | $657M | $434M | $359M | 17% |
| Stock-based comp | $16M | $21M | $20M | $22M | $20M | 5.1% |
| Buybacks | $318M | $401M | $55M | $0 | $45M | |
| Dividends | $86M | $79M | $79M | $86M | $92M | 7.5% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Oct 28, 2026 | HoldCo Asset Management, LP | SCHEDULE 13D | 5.0% | Active |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $976K · 6
- Net
- −$976K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $7M | $13M | 151 | 153 |
| FY2024 | $7M | $7M | 125 | 143 |
| FY2023 | $6M | $7M | 102 | 127 |
| FY2022 | $6M | $2M | 102 | 127 |
| FY2021 | $6M | $7M | 124 | 137 |